2145 NY 112, Medford, NY
Retail property on a 38,000 SF lot in Medford, NY.
- Added:
- Feb 21, 2024
- Days on Market:
- 865
- Last Refresh:
- May 19 at 10:09 pm
Property Features for 2145 NY 112
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.01 Acres
- Property subtype
- RETAIL
Listing office ERG (212) 807-6640
Listing date Feb 21, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ERG
HighLights
- Existing triple net tenant provides $168,000 annual income.
- Located on Rt‑112, a major Long Island artery between Long Island Expressway and Sunrise Highway.
- 11,000 square foot building on a 38,000 square foot lot.
- Located in the J2 business district of Medford, Long Island.
- Across the street from a strip center and major car dealerships (Chevrolet, Mazda, Hyundai).
- Adjacent corner lot on Greenport Ave also available for sale.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $330.0k | $30.00 |
| − Vacancy | −$22.8k | −$2.07 |
| EGI | $307.2k | $27.93 |
| − OpEx | −$92.2k | −$8.38 |
| NOI | $215.1k | $19.55 |
Alternative Uses
Current Use by Public Records
Map
- City
- Medford
- County
- Suffolk
- State
- New York
- Longitude
- -72.9707
- Latitude
- 40.8587
